JAKARTA, (Xinhua) — China called on ASEAN countries Friday to make joint effort to maintain peace in the South China Sea. “To maintain peace and stability in the South China Sea is the shared responsibility of all countries in the region,” Chinese Foreign Minister Yang Jiechi told a joint press conference with his Indonesian...
SHANGHAI (Reuters) – China‘s imports of crude oil sank in July to a nine-month low and those of iron ore fell for the fourth time in five months as refineries and steel mills cut output due to slackening demand as growth in the world’s second-largest economy sputtered. China is the top buyer of iron...
China‘s exports and imports slowed for the second consecutive month in July, official data showed Friday, highlighting worsening conditions in the world’s second-biggest economy. The figures — sharply below market expectations — add to concerns that China’s economy is still losing steam despite government efforts to prop up growth and investment, in an effort...
China‘s bank lending slumped 41.3 percent in July from the previous month, the central bank said Friday, compounding worries over the gloomy outlook for the world’s second-largest economy. Chinese banks extended 540.1 billion yuan ($84.9 billion) in new loans in July, compared with 919.8 billion yuan in June, the People’s Bank of China said...
BEIJING (AP) — China‘s trade and domestic demand have weakened even faster than expected, adding to pressure on Beijing for a more aggressive stimulus to boost the world’s second-largest economy out of its worst slump since the 2008 crisis. Export growth in July plunged to just 1 percent from the previous month‘s 11.3 percent,...
HEFEI, (Xinhua) — The attention-grabbing intentional homicide trial of Bogu Kailai and Zhang Xiaojun opened Thursday in east China’s Anhui province. All seats in the courtroom of the Hefei City Intermediate People’s Court in Anhui were occupied when the trial began. More than 140 people attended the trial, including relatives and friends of the...
HEFEI, China (Reuters) – Four Chinese policemen admitted on Friday to attempting to protect the wife of powerful politician Bo Xilai from suspicion of the murder of a British businessman, an official said, in another damaging development for the ex-Politburo member. The official’s statement, given after an 11-hour hearing barred to non-official media, formally...
BEIJING (Reuters) – China will release corn and rice from state reserves to help tame inflation and reduce imports as the worst U.S. drought in half a century pushes corn prices to global records, creating fears of a world food crisis. Friday’s announcement was the first release since September last year, when China said...
